# Corn prices rally over two percent

> Corn futures rose more than two percent on June 6, 2016 as the dollar fell near a one-month low. U.S. data showed weak May payrolls, with non-farm payrolls rising by 38,000, and Fed Chair Yellen signaled a possible rate hike soon.

- Date: 2016-06-06 · published 2016-06-06T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/5265-corn-prices-rally-over-two-percent
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes U.S. corn cheaper for foreign buyers and supports futures, while mixed labor data and rate-hike signals shape the currency and macro backdrop.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2016-06-06 | 1 | +4.2% | 7.0 | Directly dated June 6: corn rallied on a weaker dollar after weak May payrolls, which makes US corn cheaper for foreign buyers and supports futures, though it reports only about 2% versus the 4.18% move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | +4.1% | +2.4% |
| CORN | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +2.1% | +4.1% |
| CORN | 2022-03-01 | [High input costs temper strong milk prices \| Capital Press](https://feedsoft.ai/events/42419-high-input-costs-temper-strong-milk-prices-capital-press.md) | +4.7% | +12.1% |
| CORN | 2024-09-12 | [Brazilian market has firm prices and new area cut in the summer corn crop](https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop.md) | +4.9% | +5.1% |
| CORN | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -1.2% | -1.8% |
| DXY | 2016-06-08 | [Wheat prices add over two percent as dollar plumbs one-month low](https://feedsoft.ai/events/9126-wheat-prices-add-over-two-percent-as-dollar-plumbs-one-month-low.md) | +1.0% | +1.5% |
| DXY | 2016-06-03 | [Wheat prices surge over one percent before the weekend](https://feedsoft.ai/events/9127-wheat-prices-surge-over-one-percent-before-the-weekend.md) | -1.6% | -0.3% |
| DXY | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | -0.4% | +1.9% |

## Sources

- economies.com: https://www.economies.com/commodities/corn-news/corn-prices-rally-over-two-percent-15923

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.